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Taxes Consolidation Act 1997 section 111AM
Constituent entities joining and leaving MNE group or large-scale domestic group
Section 111AM sets out the rules for determining how a "target entity" is treated when it joins or leaves a multinational enterprise (MNE) group or a large-scale domestic group during a fiscal year (the "acquisition year"), including how its income, expenses, taxes, and deferred tax attributes are allocated between groups.
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